PROTECTED SOURCE SCRIPT
Smoothed RSI EMA
This is a smoothed version of RSI indicator with an EMA of RSI for signal.
RSI works better for long-term overbought and oversold price levels, and it is great by determining the beginning and ending of bull/bear markets when the weekly RSI crosses one of its thresholds (40 and 60). Two modifications to help smooth the raw RSI signal: the input into the 16-week RSI (useful 16 to 24) is modified by taking the average of the high, low and close; the RSI value is also smoothed with a 3-period EMA.
RSI works better for long-term overbought and oversold price levels, and it is great by determining the beginning and ending of bull/bear markets when the weekly RSI crosses one of its thresholds (40 and 60). Two modifications to help smooth the raw RSI signal: the input into the 16-week RSI (useful 16 to 24) is modified by taking the average of the high, low and close; the RSI value is also smoothed with a 3-period EMA.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.